Equity of Redemption | Mortgagor’s protection against foreclosure

Equity of Redemption is: The right of a mortgagor (the borrower) to have his property released to him by performing his obligations under the mortgage (usually by repaying the outstanding debt, including principal, interest and costs to the mortgagee). The equity of redemption or 'equitable right of redemption' represents the right of the mortgagor to recover the mortgaged property without hindrance, after any default has been rectified. There is an "established rule that a mortgagee can never … [Read more...]

International Real Estate Research

International Real Estate Research This BLOG extends beyond Terms and Phrases to cover International Real Estate Research. Our sister site www.researchonrealestate.com provides data for commercial real estate from over 60 countries. This includes demographics, economic and financial data, useful national websites and, in particular rents, yields and office vacancy rates for the past five years. There are external sources for international real estate research, including links for real … [Read more...]